The following amounts are an expense to the company:
A) FICA-OASDI Payable.
B) FUTA Payable.
C) SUTA Payable.
D) All of the above are correct.

Name: The following amounts are an expense to the company: A) FICA-OASDI Payable. B) FUTA Payable. C) SUTA Payable. D) All of the above are correct.
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Question

Quizplus · Accepted Answer

FICA-OASDI Payable, FUTA Payable, and SUTA Payable are all liabilities, not expenses. They represent amounts the company owes for payroll taxes but are not considered expenses themselves.

The Following Amounts Are an Expense to the Company